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20121112
20121112
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CNBC
Nov 12, 2012 3:00pm EST
with us for a period of time. but we are very constructive when we look at next year on the whole. >> chris, where's the -- >> what are you seeing today? a fractional move now but it's been very much getting rid of winners and selling into any strength in this market ever since the election. >> well, i guess the question i have for chris, where is the volatility? i'm surprised. the vix has collapsed. it's a rare day when you see the vix down 9%. the stock market, dow is only up 18 points? >> this day has a big asterisk attached to it, don't you think? >> yes, but nonetheless when you saw the stuff over the week we understand a lot of people -- i was surprised how many people were arguing maybe it's not a bad thing to go over the fiscal cliff. i think it's a terrible idea. i'm surprised to see the vix down so much. we have options expiration coming up friday. people are taking off when the risk is rising. i find that a little odd. >> michael, your idea is it's not just about the fiscal cliff. apple is a big factor for this market as well, isn't it? >> no question. when you look at
FOX Business
Nov 12, 2012 3:00pm EST
uncertainty has been used 50 times so far today. >> then i won't use the word uncertainty. i have to tell you not pleased that we're here on veteran's day, i think it is a little bit embarrassment we are open. but here we are. very low volume. very hard to read anything into the trading today. you mentioned some top stories coming in, the housing stocks, a favorite sector of the hedge funds in particular. but you have to keep in mind they are at the back end of their christmas season, if you will. a little bit dangerous place for investors to be. big picture i think we're kind of testing a low range of the bottom i have been calling for for quite a while. it was a little painful. i think we're near that point. if you are an individual investor, this is the time you need to have your shopping list and start adding to your cart. cheryl: with the homebuilders in particular, they were run up some of them 150% over the last year. when they make those dips, you do like sectors like that? >> yeah, but the housing sector was one of those great investing opportunities of a lifetime. the same
CNBC
Nov 12, 2012 4:00pm EST
will join us in a moment. good to have you on the program. david, let me begin with you. how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are
Search Results 0 to 2 of about 3